Regions Financial Corporation (NYSE:RF) Plans Quarterly Dividend of $0.27

Regions Financial Corporation (NYSE:RF - Get Free Report) declared a quarterly dividend on Wednesday, July 16th, RTT News reports. Stockholders of record on Tuesday, September 2nd will be paid a dividend of 0.265 per share by the bank on Wednesday, October 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.40%. This is a 6.0% increase from Regions Financial's previous quarterly dividend of $0.25.

Regions Financial has a dividend payout ratio of 40.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Regions Financial to earn $2.48 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 40.3%.

Regions Financial Stock Up 0.2%

Shares of RF traded up $0.05 during trading hours on Wednesday, reaching $24.08. The company's stock had a trading volume of 11,167,986 shares, compared to its average volume of 8,365,461. The firm has a market cap of $21.65 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 1.79 and a beta of 0.98. Regions Financial has a 1-year low of $17.74 and a 1-year high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $22.55 and a two-hundred day moving average of $22.39.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Regions Financial had a return on equity of 13.04% and a net margin of 21.43%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. As a group, research analysts predict that Regions Financial will post 2.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RF has been the subject of several research reports. Keefe, Bruyette & Woods reduced their price objective on Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. reduced their price objective on Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Barclays reduced their price objective on Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Cowen initiated coverage on Regions Financial in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. Finally, TD Cowen initiated coverage on Regions Financial in a research report on Thursday, May 15th. They issued a "buy" rating and a $31.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $26.15.

Hedge Funds Weigh In On Regions Financial

An institutional investor recently raised its position in Regions Financial stock. Woodline Partners LP increased its holdings in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 40.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,797 shares of the bank's stock after purchasing an additional 22,216 shares during the period. Woodline Partners LP's holdings in Regions Financial were worth $1,669,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 79.39% of the company's stock.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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